Radiant Logistics divides $200 million revolver into dollar, multicurrency tranches

By Wendy Van Sickle

Columbus, Ohio, Oct. 3 – Radiant Logistics, Inc. amended its $200 million five-year syndicated secured revolving credit facility entered on Aug. 5, 2022 to divide the facility into a $50 million tranche that can be loaned in U.S. dollars or an alternative currency that may include Canadian dollars. The remaining $150 million may be loaned only in U.S. dollars, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, Radiant Global Logistics (Canada) Inc. was made a borrower under the credit facility.

Canadian-dollar loans accrue interest at daily simple Corra plus 29.547 basis points plus a margin ranging from 140 bps to 240 bps based on the company’s consolidated leverage ratio.

Bank of America, NA and BMO Capital Markets Corp. are the joint lead arrangers and bookrunners. Bank of America is the administrative agent.

Bank of Montreal is syndication agent. U.S. Bank NA and Keybank NA acted co-documentation agents.

Radiant is a Bellevue, Wash.-based non-asset-based transportation and logistics services company that provides domestic and international freight-forwarding services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.